Multi-mode Receiver Market Size, Share & Trends Report

Multi-mode Receiver Market Size, Share & Trends Analysis Report By Platform (Fixed Wing, Rotary Wing), By Fit Type (Line-fit, Retrofit), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2025

  • Published Date: Mar, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-337-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 65

Industry Insights

The global multi-mode receiver (MMR) market size was valued at USD 895.4 million in 2016 and is projected to expand at a CAGR of 4.4% over the forecast period. Demand for new aircraft is rising as air passenger traffic continues to grow in line with improving economic conditions and increasing disposable income.

For example, Airbus S.A.S. orders and deliveries report for 2016 stated that the company’s aircraft deliveries increased from 635 in 2015 to 688 in 2016, rising approximately 8.0% over the year. This indicates that the market is expected to witness a significant upsurge over the coming years.

U.S. MMR market

A multi-mode receiver can enhance the landing, positioning, and navigation capabilities of an aircraft. Installation of an MMR can help the aircraft overcome problems associated with multipath interference and support advanced navigation standards, such as GLS CAT II/III and WAAS LPV. This augments the safety factor of the aircraft. Hence, the market is expected to grow steadily over the forecast period.

The capabilities of MMR to combine various navigation functionalities into a single and compact unit is also a key driving factor for the market. It helps reduce the cost of ownership of the equipment, weight, power consumption, and size.

Platform Insights

On the basis of platform, the market for MMR has been classified into fixed-wing and rotary-wing. The commercial aviation industry primarily uses narrow-body aircraft and wide-body aircraft to transport passengers and cargo. The fixed-wing segment dominated the market in 2016 and is likely to continue doing so over the forecast period.

Rotary wing aircraft are generally used for military, oil and gas, and emergency and rescue applications, where robust navigation and positioning capabilities are of paramount importance. According to Honeywell’s customer expectations survey, between 3,900 and 4,400 turbo-powered helicopters are expected to be delivered worldwide from 2017 to 2021. Thus, the rotary wing segment is projected to grow gradually over the forecast period.

Fit Type Insights

On the basis of fit type, the multi-mode receiver (MMR) market has been segmented into line-fit and retrofit. Advances in avionics technology and stringent safety-regulation are encouraging the installation of MMR in aircraft. The rise in retrofitting activities aimed at equipping aircraft with necessary components to enhance its performance is expected to drive the retrofit segment. The segment is projected to exhibit the highest CAGR of 5.1% over the forecast period.

Global multi-mode receiver market

The line-fit segment mainly depends on the number of aircraft deliveries, as components are installed on the assembly line. The segment is projected to hold a marginally higher share than the retrofit segment in 2017 as aircraft manufacturers continue to work on their existing order backlogs and new orders simultaneously.

Regional Insights

The North American region dominated the global market for MMR in 2016 and is anticipated to exhibit a CAGR of 3.9% over the forecast period. North America is home to numerous suppliers of aircraft parts. According to the International Trade Administration (ITA), the U.S. exported aircraft parts worth USD 56.2 billion in 2014. The U.S. is one of the key countries involved in international trade of aerospace products, and aircraft parts accounted for 46.0% of the overall aerospace exports of the U.S. in 2014.

The Asia Pacific region is expected to expand at the highest CAGR of 6.9% over the forecast period. This can be attributed to rising aircraft deliveries in the region. APAC is also witnessing an increase in spending on military aircraft, which will foster the growth of the regional market.

Multi-mode Receiver (MMR) Market Share Insights

The market is dominated by prominent manufacturers such as BAE Systems, Honeywell International Inc.; Leonardo S.p.A.; Rockwell Collins; and Thales Group. These companies have been focused on strengthening their partnerships with aircraft manufacturers and winning new contracts. They also invest aggressively in research and development in order to expand their market share and ensure healthy growth.

The presence in the market is also strengthened by rising awareness regarding necessary regulatory certifications for newly developed products and initiatives aimed at extending their geographical footprint. For instance, in April 2017, Honeywell International Inc. obtained the Federal Aviation Administration (FAA) certification for its Integrated Multi-Mode Receiver. Similarly, Rockwell Collins introduced the new GLU-2100, a next-generation MMR designed to cater to future navigation requirements of Airbus and Boeing aircraft.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, France, Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global multi-mode receiver (MMR) market report based on platform, fit type, and region:

  • Platform Outlook (Revenue, USD Million, 2014 - 2025)

    • Fixed-wing

    • Rotary-wing

  • Fit Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Line-fit

    • Retrofit

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • France

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil

    • MEA

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